The Wirecard Case Promotes the Compliance also in China

The Wirecard affair is also making waves in China. The now insolvent company was to be the first German payment service provider to enter the Chinese market. In addition to the Chinese company Allscore Payment Services, which was taken over in November 2019, Wirecard also cooperated with Chinese giants such as Alipay, WeChat Pay and… Continue reading The Wirecard Case Promotes the Compliance also in China

Cybersecurity Law: Company Inspections by the Chinese Police

With a new regulation on the Cybersecurity Law enforcement, China enables the state police, Public Security Bureaus (PSB), to inspect companies in regard to their cybersecurity compliance. The regulation comes into force on November 1, 2018 and aims at Internet providers and “network using companies”. The definition of network using companies however is extremely vague… Continue reading Cybersecurity Law: Company Inspections by the Chinese Police

China’s Cybersecurity Law – More Clarification to Come

China’s NITSSTC (National Information Security Standardization Technical Committee) published new standards on Cybersecurity Law as draft for the solicitation of public opinion. The new standards cover some topics that many international companies with operations in China were wrestling with in the last couple of months. As the Cybersecurity Law contains a lot of vague expressions… Continue reading China’s Cybersecurity Law – More Clarification to Come